Taiwan’s Gold Apollo Addresses Role in Lebanon Explosions

In the wake of the tragic explosions in Lebanon on Tuesday, Taiwan’s Gold Apollo has come forward to clarify its involvement in the incident. Here’s what you need to know:

The Situation

  • At least nine people were killed and nearly 3,000 wounded in Lebanon when pagers used by Hezbollah members detonated simultaneously.
  • Images of destroyed pagers analyzed by Reuters indicated similarities to Gold Apollo’s products.
  • A senior Lebanese security source claimed Hezbollah had ordered 5,000 pagers from Gold Apollo.

    Gold Apollo’s Response

  • Gold Apollo stated that the pagers in question were not manufactured by them but by a company called BAC, which has the license to use Gold Apollo’s brand.
  • The specific model, AR-924, was produced and sold by BAC, not Gold Apollo.
  • Gold Apollo emphasized that they only provide brand trademark authorization and are not involved in the design or manufacturing of the product.

    Further Developments

  • Gold Apollo’s founder, Hsu Ching-Kuang, expressed confusion over how the pagers could have been rigged to explode.
  • Hezbollah announced a "security and scientific investigation" into the explosions’ causes.
  • Reports suggest that Israel’s Mossad spy agency may have planted explosives in the pagers imported by Hezbollah.

    Gold Apollo’s Perspective

  • Hsu Ching-Kuang reiterated that Gold Apollo was also a victim in this incident.
  • Despite not being a large company, Gold Apollo stands by its responsibility in addressing the situation.

    In conclusion, the revelations surrounding the Lebanon explosions highlight the complexities of global relationships and the impact of geopolitical tensions on businesses like Gold Apollo. As investors and consumers, it’s crucial to stay informed about such events to understand their broader implications on the financial landscape and beyond.

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